NVIDIA Corp. shares rose by 1.51% on Tuesday, reflecting a nearly 14% gain over five days as tech stocks rebound. The company has pledged $500 billion to develop AI infrastructure in the U.S. and will start supercomputer manufacturing in Texas. Although still down 18.53% year-to-date, NVIDIA has seen a 31% year-over-year gain, boosted by significant historical increases. Analysts believe the company maintains substantial growth potential through AI advancements and its dominant market position, particularly with its advanced semiconductor technology.
NVIDIA's stock is currently at a correction point, viewed by analysts as a buying opportunity due to strong long-term growth potential in the AI sector.
Despite a year-to-date decline of 18.53%, NVIDIA's stock gained 31% over the past year, with substantial historical growth surpassing 1,439% in five years.
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